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| | | ... scheduled to hold a special meeting. In Australia, the market on Friday closed slightly higher after solid gains for the major banks offset weak overseas leads. At the close on Friday, the benchmark S&P/ASX200 index was up 7.9 points, or 0.16 per cent ... |
| | | | ... in Brussels, Cyprus agreed to reduce its oversized banking sector and inflict hefty losses on big depositors in troubled banks to secure the 10 billion euro bailout. The bailout allows for most of the funds to be raised by forcing losses on accounts ... |
| | | | ... two hoots whether it's a bail-out or what it's being now called - a bail-in. It's a bail-in because everybody's in - the banks' shareholders and bondholders and uninsured depositors. Deal details. The country's second largest bank, Cyprus Popular Bank ... |
| | | | ... scheduled to hold a special meeting. In Australia, the market on Friday closed slightly higher after solid gains for the major banks offset weak overseas leads. At the close on Friday, the benchmark S&P/ASX200 index was up 7.9 points, or 0.16 per cent ... |
| | | | ... sector, global miner BHP Billiton was five cents higher at $33.48, and Rio Tinto dipped five cents to $57.87. Among the major banks, ANZ rose 20 cents to $28.75, Westpac added 31 cents to $30.81, Commonwealth Bank climbed 65 cents to $68.28, and National ... |
| | | | ... against market risk because when equity prices are falling, as they have done in the face of a potential run on Cypriot banks, it is seen as a good store of value. Earlier this month Laidler said that investor complacency about the improving global economy ... |
| | | | ... scheduled to hold a special meeting. In Australia, the market on Friday closed slightly higher after solid gains for the major banks offset weak overseas leads. At the close on Friday, the benchmark S&P/ASX200 index was up 7.9 points, or 0.16 per cent ... |
| | | | ... deadline the ECB gave Cyprus to come up with a bailout agreement or it'll halt emergency funding of the tiny island nation's banks. Didn't the ECB, the IMF, and the EU also threaten Greece not so long ago? They're forced to renegotiate when Greece gave ... |
| | | | Australian stocks have opened firmer, with the big retail banks and major energy companies leading the broader market higher. Local investors took their cues from a positive night on Wall Street, where the Dow advanced 0.39 per cent, the S&P500 climbed ... |
| | | | ... and all that all's well. Thankfully, the FOMC was meeting just as Cypriots (and Russians) were emptying ATMs before the banks take a chunk off their savings (hard-earned or otherwise). At the conclusion of its scheduled 2-day FOMC meeting last night ... |
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